Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Finally, the Ministry of Defense has taken note of the mega scam i.e. pilferage and illegal removal of goods from the US Army/NATO/ISAF cargo. The Ministry of Defense (MoD)…
KARACHI: Given the fragile financial health of M/s Pakistan Steel Mills and huge amount of sales tax refund pending with Federal Board of Revenue (FBR), MCC Port Qasim has restored…
KARACHI: The High Court of Sindh has advised Port Qasim Authority (PQA) to deposit post-dated cheques of leviable duty and taxes along with the penalty with the nazir of the…
KARACHI: MCC Port Qasim has frozen two bank accounts of Pakistan Steel Mills (PSM) for recovery of outstanding government dues as the steel mill as failed to clear its obligations…
KARACHI: MCC Port Qasim has planned an auction of plastic scrap (PVC scrap) and all the statutory provisions will be followed in this regard, Additional Collector Shafiq Ahmed Latki said.…
KARACHI: The Federal Government has decided to impose regulatory duty on the import of several products in the range of 5.0 percent to 20 percent, while regulatory duty on import…
KARACHI: The Federal government has decided to eliminate zero rating on supplies to the export sectors, and the import of raw material, components, sub-components by export oriented sectors would be…
KARACHI: The Federal Government has decided to withdraw duty exemptions on (Pick-ups 4×4) imported by exploration & production (E&P) companies, their contractors and service companies. The subject vehicles invited only…
KARACHI: The Ministry of Finance has finalized several statutory regulatory orders (SROs), which would be notified shortly effecting drastic changes in concessionary imports regime and duty structure for various products.…
KARACHI: MCC Port Qasim has advertised an open auction of plastic scrap (PVC Scrap), which was confiscated by the collectorate as the importers did not meet the basic requirements of…
KARACHI: The All Pakistan Customs Agents Associated has prayed to Federal Board of Revenue (FBR) to repeal the recently introduced amendment in Customs Act, 1969, which requires the owner of…
KARACHI: The Director General of Customs Valuation has determined the customs values of copper clad laminated sheets vide valuation ruling No. 752/2015. It was brought to the notice of DG…
KARACHI: Director General Afghan Transit Trade, Khawar Fareed Manika has expressed his displeasure over the contents of Interim Challan submitted before the Court regarding pilferage of US Army/NATO/ISAF transit cargo…
KARACHI: Model Customs Collectorate Preventive staff posted at Jinnah International Airport has arrested a women coming from Dubai and recovered 240 mobile phones worth Rs2.4 million from her possession. An…
KARACHI: The Directorate General of Customs Valuation has determined the customs values of household sewing machine motors/servo motor vide valuation ruling No. 750/2015. It was brought to the notice of…
KARACHI: The Directorate General of Customs Valuation has determined the customs values of frequency inverters vide valuation ruling No. 751/2015. It was brought to the notice of the Directorate General…
KARACHI: The Customs Appellate Tribunal has struck down the adjudication order which imposed fine and penalties on the textile machinery importer. The M/s S.S Fabrics (Pvt) Limited filed Goods Declaration…
KARACHI: The PCT Committee has noted that hydraulic hand pallet trucks/trolleys are correctly classifiable under PCT heading 8716.8090. The matter relating to classification of “Hydraulic Hand Pallet Truck-Manual” imported by…
KARACHI: The Customs Appellate Tribunal has set aside the Valuation Ruling 618/2013 and all orders passed during the hierarchy of this Ruling as it was passed in shear violation of…
KARACHI: The Customs Appellate Tribunal has remanded back the case of classification of Etersol 1612-2 to the Customs adjudication to be considered afresh in consultation with PCT committee. According to…